RBF Capital LLC Decreases Position in Barrett Business Services, Inc. (NASDAQ:BBSI)

RBF Capital LLC lessened its position in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) by 10.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 45,773 shares of the business services provider’s stock after selling 5,427 shares during the quarter. RBF Capital LLC owned approximately 0.18% of Barrett Business Services worth $1,988,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tieton Capital Management LLC grew its position in shares of Barrett Business Services by 23.2% in the fourth quarter. Tieton Capital Management LLC now owns 251,628 shares of the business services provider’s stock valued at $10,931,000 after purchasing an additional 47,447 shares during the last quarter. Barclays PLC boosted its stake in shares of Barrett Business Services by 42.9% during the third quarter. Barclays PLC now owns 61,332 shares of the business services provider’s stock valued at $2,300,000 after acquiring an additional 18,414 shares during the last quarter. JPMorgan Chase & Co. increased its position in Barrett Business Services by 19.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 546,510 shares of the business services provider’s stock worth $20,500,000 after purchasing an additional 88,350 shares in the last quarter. Intech Investment Management LLC purchased a new position in Barrett Business Services in the 4th quarter valued at about $485,000. Finally, Geode Capital Management LLC raised its position in shares of Barrett Business Services by 4.8% in the third quarter. Geode Capital Management LLC now owns 705,598 shares of the business services provider’s stock valued at $26,471,000 after buying an additional 32,632 shares during the last quarter. 86.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on BBSI shares. Barrington Research reaffirmed an “outperform” rating and issued a $45.00 target price on shares of Barrett Business Services in a research note on Wednesday, March 12th. StockNews.com upgraded Barrett Business Services from a “hold” rating to a “buy” rating in a research note on Friday, March 7th.

Barrett Business Services Trading Up 2.9 %

Shares of BBSI opened at $40.11 on Wednesday. The stock’s fifty day simple moving average is $40.30 and its 200 day simple moving average is $41.09. Barrett Business Services, Inc. has a twelve month low of $28.42 and a twelve month high of $44.97. The firm has a market capitalization of $1.04 billion, a P/E ratio of 21.17, a price-to-earnings-growth ratio of 1.21 and a beta of 1.09.

Barrett Business Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.80%. The ex-dividend date was Friday, March 14th. Barrett Business Services’s dividend payout ratio is currently 16.08%.

Barrett Business Services Company Profile

Barrett Business Services, Inc provides business management solutions for small and mid-sized companies in the United States. The company develops a management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry.